WidEnergy receives investment from Shequity

WidEnergy Agents holding solar home systems

Frankfurt (Germany), Zurich (Switzerland), and Lusaka (Zambia), September 2020. GreenTec Capital is very pleased to announce that Widenergy Africa received an investment from Shequity. Shequity is a newly launched investment vehicle that focuses on providing smart and sustainable investments for African female entrepreneurs and innovators.

WidEnergy Africa as a Zambian woman-led business fits Shequity’s investment criteria well, as an innovative and tech-driven business that promotes women. WidEnergy has demonstrated impressive growth with their Paygo model for providing solar home systems to rural Zambians. WidEnergy works with predominantly women sales agents, bringing access to affordable energy and jobs for women to rural Africa. Impressively, the company has almost doubled its customer base in the last year and is actively working on developing infrastructure to further support Africa’s transition to renewable energy.

Pauline Koelbl, ShEquity Founder and Managing Director said, “We are delighted to invest in WidEnergy, an African women-led company focusing on providing affordable path to electrification. The impact of having access to electricity is widely known: for instance, having access to electricity improves education by increasing study time by 50%! WidEnergy has demonstrated how access to green energy has positive impact on health, education and overall families’ livelihoods. We look forward to working together with WidEnergy team to multiply its impact on many African lives, especially women and girls.”

Liliane Munezero Ndabaneze, CEO of WidEnergy Africa said  “We, are committed to improving the lives of the many people living without reliable electricity and energy. More especially during the current Covid days. With a business as capital intensive demanding as ours, “who support you” along the way, determines how you thrive: We are confident that the ShEquity timely investment in WidEnergy will enable us to navigate through these uncertain times and that we will together flourish and reach greater heights.We are excited at the possibilities this partnership presents.”

young widenergy agent
WidEnergy CEO Liliane Munezero Ndabaneze with Sinikiwe Banda from Chifubu, Ndola.

Other Posts

PricePally releases app updates for Android and iOS

Frankfurt (Germany) and Lagos (Nigeria), September 2020. GreenTec Capital is very happy to report that PricePally has released new mobile app versions of their innovative e-commerce platform. Our Nigeria-based portfolio company was hard at work this year and released new app versions for Android in the Google Play Store and iPhone in the Apple App…

read more

GreenTec Capital featured in the Frankfurter Allgemeine Zeitung article by Tim Kanning

Frankfurt (Germany), June 2020. GreenTec Capital is very pleased to share that the company’s founders Erick Yong and Thomas Festerling were recently featured in the June 2nd edition of the Allegemiene Zeitung in the Unternehmen section. The article by Tim Kanning titled “In Afrika is nicht alles hoffnungsloss (Not everything is hopeless in Africa)“ presents…

read more

GreenTec Capital signs co-investment partnership with the Republic of Senegal’s General Delegation for the Acceleration of Entrepreneurship for Women and Young People (DER)

Dakar (Senegal) and Frankfurt (Germany), July 2019. GreenTec Capital Partners is very pleased to report that we have signed a Memorandum of Understanding with the Republic of Senegal represented by the General Delegation of Entrepreneurship for Women and Young People (DER). The partnership agreement was signed under the auspices of the President of Senegal, H.E….

read more